GBP/JPY

١٢ ديسمبر ٢٠٢٢

Had a nice risk to reward ratio on GJ! Honestly love this pair. SO ask you can see i have my supply/ demand zones also known as support and resistance to some. I also have a great box which indicates price is consolidating in a certain area at the moment, if you look closely price gave an amazing wick at the support area and close 50% of the candle which was telling me ok price could be just testing the support area one more time before going up because if you look the sellers barely had momentum. My red line indicates my zones if price breaks here and closes above or below my line then give me a nice retest then i'll be hopping in the trade. Price did just that, price gave me a wick resting that area, as well as broke the trend line and retested the same red line. Once price retested at my box thats when i entered the trade.